Those in legal practice are all too aware of the benefits but also the limitations of legal professional privilege, none more so than lawyers working in-house. Where such protection arises in the context of UK practice is reasonably well settled. Ho...

With only two police officers to patrol the vast Muang Ek community in Pathum Thani per shift, deterring crime had been a near-impossible mission.

Businesswoman and activist Andisiwe “Andy” Kawa sued police for damages after accusing them of failing to find her during a 15-hour rape she endured in 2010 but lost the case.

The officer's diagnosis follows that of another one from the Disaster Operations Centre in Pretoria who tested positive on Wednesday.

The Police Intellectual Property Crime Unit (PIPCU) has arrested a man on suspicion of providing access to websites which have been subject to a legal blocking order. The man is accused of operating an ‘umbrella’ website that allows user...

Précis New EU copyright directive entered into force on 7 June 2019, ushering in new EU copyright rules, bringing radical changes to the EU copyright regime. Member states have until 7 June 2021 to implement the new directive. Background The Europea...

Introduction It is always important to establish whether or not communications with the opposing party in a dispute are truly without prejudice (“WP”). If a communication is deemed not to be protected by WP privilege, a party exposes the...

Case C-260/17, Anodiki Services EPE1: interpreting the scope of the “employment contracts” exemption under EU procurement legislation Introduction The judgment relates to a request for a preliminary ruling made by Greece’s Council ...

Afraid of contracting the COVID-19, a family in the Indian state of Karnataka, abandoned their mentally-challenged, dead relative's body last week. This is when, three policemen took the job upon themselves to give the deceased a dignified burial. Tweeps are saluting them for their "thoughtful" gesture. The 44-year-old deceased man, was killed earlier this week when...

As web-based child exploitation explodes, cops have to carry on doing their job while trying to stay safe from COVID-19 infection. ......

Pandemic: ‘(of a disease) prevalent over a whole country or the world’ Fear: ‘an unpleasant emotion caused by the threat of danger, pain, or harm’ Management: ‘the process of dealing with or controlling things or people...

The US State Department has approved the $2.3 billion sale of 43 refurbished Apache helicopters to Egypt’s military.

Prime Minister Prayut Chan-o-cha on Friday urged anti-narcotics authorities to target "big fish" and focus their investigations more on assets and money-laundering activities.

TOBA TEK SINGH: Four more persons, including three policemen, tested corona positive here on Friday.Health Department Deputy District Officer and Focal Person for DHQ Hospital Dr Kashif Bajwa told that three policemen were deputed outside the DHQ Hospital’s isolation ward.Their swabs were...

PESHAWAR: A number of policemen were censured while a few cops were directed to reimburse the amount they had collected from the Benazir Income Support Programme. Inquiry is being conducted in all the districts against the cops who were beneficiaries of the BISP programme, meant for only the...

PESHAWAR: A number of policemen were censured while a few cops were directed to reimburse the amount they had collected from the Benazir Income Support Programme.Inquiry is being conducted in all the...

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After a disappointing 2019 United Nations Climate Change Conference, there is a need to restore confidence that the intergovernmental process can deliver on mitigation, adaptation, and finance.

Medical waste disposal is a key part of pandemic planning and recovery that we must get right during the COVID-19 outbreak.

KARACHI: The State Bank of Pakistan (SBP) on Friday allowed subsidised financing for setting up of new plants and expansion of existing units while the maximum amount for a single unit has been set at Rs5 billion to boost economic activities in the manufacturing sector.

The SBP on Friday said it has opened up its subsidised Temporary Economic Relief Facility (TERF) for Balancing, Modernization and Replacement (BMR) and expansion of existing projects.

Under this scheme, the SBP provides refinance to banks for their onward extension of financing at maximum end-user rate of seven per cent for 10 years.

“The maximum financing for a single project under the scheme is Rs5bn. The objective of this facility is to boost economic activity through investments in manufacturing units,” said the SBP.

While allowing the BMR and expansion of existing projects, the SBP has permitted financing for purchase of new-imported and locally-manufactured plant and machinery against foreign letter of credit (LC) and inland LC.

“The funding under the facility cannot be used for procurement of second-hand machinery, land or carrying out civil works,” said the SBP.

According to the circular issued by the central bank, in addition to new projects, existing projects and businesses are being allowed to avail financing under these facilities for BMR and expansion of their projects or businesses.

“This measure has been taken to provide further stimulus to the economy in the context of Covid-19’s impact on the economy, to support investment in the country for modernising or expanding manufacturing and production units, and in response from feedback from stakeholders,” said the SBP.

The central bank said that, it has taken several measures since the outbreak of Covid-19 to safeguard economic activity in the country. On Mar 17, the SBP introduced TERF and its shariah-compliant version to stimulate new investment in the manufacturing sector.

With expansion in scope of the facility, the SBP expects that existing businesses will avail subsidised funding to improve productivity leading to higher economic activity and employment generation.

The banks and development finance institutions will be required to make disbursements to their customers on the basis of certificates of their internal audit confirming that financing is within the terms and conditions laid down in the facilities.

Borrowers will be required to submit a report from the Pakistan Banks Association-approved surveyors with regard to confirmation that the newly-purchased plant and machinery has been installed as per their initial request or proposal for BMR and expansion. In case of installation and fixation in part, this report will be required at first and final installation of the plant and equipment.

Published in Dawn, May 9th, 2020

The United States has approved a $2.3 billion deal on attack helicopters for Egypt, but an official insisted Friday that Washington was still pressing on human rights concerns.

Pale spear-nosed bats can learn to alter their calls to mimic different sounds – a rare skill that could help us understand the biology of human speech and language

Whether you are at home alone or juggling work and family, those working in mental health share their advice on how to cope with the covid-19 pandemic

Many people are turning to virtual therapy and mental health apps to cope with the stress of the coronavirus pandemic, but they may not be as helpful as talking face to face

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